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On 8/28/14, 8.25% Series A Cumulative Redeemable Perpetual Preferred Shares (NYSE: PEI.PRA) will trade ex-dividend, for its quarterly dividend of $0.5156, payable on 9/16/14. As a percentage of PEI.PRA's recent share price of $26.75, this dividend works out to approximately 1.93%, so look for shares of PEI.PRA to trade 1.93% lower — all else being equal — when PEI.PRA shares open for trading on 8/28/14. On an annualized basis, the current yield is approximately 7.74%, which compares to an average yield of 6.87% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
As of last close, PEI.PRA was trading at a 6.64% premium to its liquidation preference amount, versus the average premium of 2.05% in the "Real Estate" category.
The chart below shows the one year performance of PEI.PRA shares, versus PEI:
Below is a dividend history chart for PEI.PRA, showing historical dividends prior to the most recent $0.5156 on Pennsylvania Real Estate Investment Trust's 8.25% Series A Cumulative Redeemable Perpetual Preferred Shares :
According to the ETF Finder at ETFChannel.com, Pennsylvania Real Estate Investment Trust (NYSE: PEI) makes up 1.04% of the iShares Retail Real Estate Capped ETF (RTL) which is trading relatively unchanged on the day Tuesday.
In Tuesday trading, Pennsylvania Real Estate Investment Trust's 8.25% Series A Cumulative Redeemable Perpetual Preferred Shares (NYSE: PEI.PRA) is currently up about 0.3% on the day, while the common shares (NYSE: PEI) are up about 0.8%.